Sun, Nov 10, 2024
Debt at Vedanta Resources - the parent firm of the Mumbai-listed mining conglomerate Vedanta Ltd - has been cut by $4.7 billion in two years as financial discipline helped deleverage the group, its chairman Anil Agarwal said.
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Wed, Sep 11, 2024
The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses.
Wed, May 01, 2024
The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here.
Tue, Mar 21, 2017
Reliance Industries' chairman and MD Mukesh Ambani has topped the list of Indian billionaires featured in Forbes recent survey titled 'The World's Billionaires' with global ranking of 33 and networth of $23.2 billion, find out names of other Indians in the list.
Sat, Mar 11, 2017
The tribunal also said that Cairn India should have withheld tax on capital gains made by its parent company.
Tue, Jan 17, 2017
India is seeking a dividend of up to $2.2 billion (nearly Rs 14,636.1 crore) from partly state-owned Hindustan Zinc Ltd (HZL), three people with knowledge of the matter said, as New Delhi targets a boom in the base metal to help shore up crumbling public finances.
Thu, Jan 05, 2017
In conversation with Chairman of Vedanta, Anil Agarwal, Manoj Dharra talks about expectations from Budget 2017, Vedanta's performance impact due to demonetisation.
Mon, Oct 03, 2016
Mining giant Vedanta Resources has paid more than $2 billion (nearly Rs 13,305.5 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.
Sat, Aug 06, 2016
The deal, which will give Vedanta access to oil and gas explorer Cairn India`s $3.5 billion cash pile, has faced opposition from some big minority shareholders, including British-based Cairn Energy, but Albanese said he did not foresee obstacles.
Fri, Jul 22, 2016
The pro-forma ownership in Vedanta Ltd will now be where Vedanta Ltd shareholders have 79.8% and Cairn India shareholders own 20.2%.
Sat, May 21, 2016
Appointed CEO in October 2014, Ashar "has decided to step down for personal reasons effective June 5, 2016," Cairn said in a statement.
Thu, Apr 28, 2016
On outlook, Albanese said from mid-2015 to February 2016 rising US dollar, depreciating Chinese currency and pessimism over China's economy impacted global markets and the company.
Sun, Apr 24, 2016
Battered by a slump in oil prices, Cairn India has slashed its capital expenditure for 2016-17 by a third to USD 100 million (around Rs 660 crore).
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